Is It Time for National Oil Companies to Renter the M&A Game

📆 7/18/2024 9:33 AM
📰 OilandEnergy

⏱ Reading Time:
17 sec. here
11 min. at publisher
📊 Quality Score:
News: 41%
Publisher: 68%

Nocs News

M&A,Mergers And Acquisitions,Oil And Gas

National oil companies are poised to increase M&A activity, driven by diversification needs and attractive valuations.

National oil companies NOCs have been sitting on the sidelines of the latest merger frenzy in the industry, but the time may be right for these state-owned giants to return to spending on expansion via acquisitions, Wood Mackenzie said in a new report.

“With M&A valuations attractive and NOCs’ financial ratings at all-time highs, the drivers for NOCs to fill strategic gaps through international business development have never been stronger.” Some NOCs, especially from Asia and the Middle East, could look to take advantage of these opportunities, according to Boroujerdi.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

International Oil Companies Caught in Kurdish Smuggling WebA Reuters investigation reveals a booming black market for Kurdish oil, with thousands of tanker trucks smuggling crude to Iran and Turkey despite a pipeline closure.
Source: OilandEnergy - 🏆 34. / 68 Read more »

How TIME and Statista Determined the World’s Most Sustainable Companies of 2024How TIME and Statista determined the most sustainable companies of 2024.
Source: TIME - 🏆 93. / 53 Read more »